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Lancer Container Lines Ltd declares Q4, FY19 results

Posted On: 2019-05-24 17:09:53

Lancer Container Lines Ltd has declared its Q4FY19 and FY2018-19 annual results on 20th May, 2019.


Revenue : Strong growth for both Q4 & FY19. For the 3 months Q4 FY19 ending March 2019 total Revenues at Rs.67.8 crores, were up 141% YoY compared to Rs.28.1 crores in the corresponding previous quarter. For FY19 Revenues at Rs.198 crores, were up 80% YoY compared to Rs. 109 crores in FY18. The strong growth was mainly driven by higher volumes, new products, new locations, additional investment in capacity.

Increased in Container volumes : We currently own 8500 containers compared to 6944 containers in FY18. The current large size enables us to cater to customers with huge container load, thereby increasing scope of services. We have been able to fund these largely through internal accruals, thereby improving revenues while maintaining our balance-sheet quality.

EBIDTA in Q4FY19 at Rs. 4.01 crores is marginally lower YoY vs Rs.4.59 crores in the previous corresponding quarter. EBIDTA Margins at 5.9 % were impacted by additional number of new business initiatives started in the 4QFY19 and expenses for shifting to new premises as well.

PAT (Profit after Tax): The Q4 profits were muted mostly due to the initial funding of new initiatives and setting up offices across India. In addition to this, higher depreciation and interest costs also impacted PAT. For the full year, FY19 the PAT at Rs.8.25 crores, was up 20.3% YoY higher.

Shares of Lancer Container Lines Ltd was last trading in BSE at Rs.57.65 as compared to the previous close of Rs. 60.65. The total number of shares traded during the day was 2188 in over 17 trades.

The stock hit an intraday high of Rs. 57.65 and intraday low of 57.65. The net turnover during the day was Rs. 126138.

Source: Equity Bulls

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